At an investment of about Rs 35,000 crore, Essar Oil plans to double the refining capacity of its Vadinar unit in Gujarat to 40 million tonne per annum in the next five years. The company reportedly has land and environment clearance for the project, but it has not given timeline for beginning work on the same as it is planning to consolidate its financial position before embarking on expansion. Besides the above project, the firm may also set up an integrated petrochemical unit at an investment of about Rs 40,000 crore.
FlashNews:
Suhora Technologies Launches Open Satellite Platform to Support Nepal Flood Response
WABAG Wins RIL Repeat Order for Advanced ETP at Jamnagar
Homegrown Airtel Cloud Seeks to Support Indiaâs Sovereign Manufacturing AI
Air Indiaâs VTâAWD Dreamliner Arrives After Completing 500 Checks
RVNL Secures âđ90.3âŊBillion Order for Rail Connectivity to Buxar Thermal Power Project
Air India and IHG Hotels & Resorts Forge Loyalty Partnership
RVNL Emerges Lowest Bidder for âđ40.49âŊBillion EPC Package in Odisha
ISROâs GSLV-F17 Launches EOS-05, Indiaâs First Geosynchronous Imaging Satellite
Inox Wind Secures âđ7.55âŊBillion Repeat Order from Indian Oil
FLY91 Signs $1âŊBillion ATR Order to Drive Regional Aviation Growth
Esri Launches LinuxâBased GeoSARAL to Tap Indiaâs Expanding GIS Market
Tata Power Commissions 400âŊkV Jalpura-Khurja Corridor to Strengthen NCR Grid
UrbanVault Expands into Chennai with 100,000 Sq. Ft. Across Three Properties
Naidu Chairs HighâLevel Committee to Strengthen Aircraft Leasing and Financing
Windergy India 2026: Wind Sector Targets 100 GW with Manufacturing, Offshore and Repowering
RVNL Charts Diversified Growth with Strong Order Book and Execution
Air India Express Unveils New Uniforms Inspired by Indiaâs Cultural Heritage
NHAI Tightens AI-Machine Construction Norms
Power Investments to Drive 100-200 bps Revenue Growth for Large EPC Firms
Home » Essar Oil to invest Rs 350 bn on refinery expansion
Essar Oil to invest Rs 350 bn on refinery expansion
Oil & Gas
June 1, 2013June 1, 2013
Leave a Reply
You must be logged in to post a comment.